Procedure - return of stock

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..... Procedure - return of stock
Query (Issue) Started By: - Kafeel Dated:- 29-4-2009 Last Reply Date:- 1-5-2009 Central Excise
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Central Excise
WE purchased raw materials in April`0 .....

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..... 8 and availed excise cenvat credit & VAT.Due to closing of that particular business, we decided to return the entire stock of Raw materials to supplier.Can you enlighten what the procedure to adopt un .....

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..... der Excise and VAT. Reply By Madhukar N Hiregange: The Reply: Under central excise reverse the duty credits availed and bill back to the supplier after establishing under which invoice it came. The c .....

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..... onsideration maybe different but excise would be the same. Under VAT since the credit is available on the same price back to the supplier charge the VAT.
Discussion Forum - Knowledge Sharing .....

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